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Freeport-McMoRan Inc. Message Board

  • nortini Jan 23, 2014 1:46 PM Flag

    Jim Bob Moffet

    Loved his remark made in the CC when discussing their projections for Grasberg. He said, "this is not Obamacare"

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    • I don't know how old he is, nor do I know his educational background. His ramblings and off the cuff remarks surprised me. He jumped into the discussion and I was disappointed with his tone. Shareholders have a right to know what is going on and what type of contingency plans that the company has in case Indonesia plays hard ball.

      The market is not happy either. We were $37+ earlier this month and today are $33.50. I hope he has a good negotiating team working on the Indonesia tax problem

      • 2 Replies to typea1949
      • This new tax was triggered via ministry of finance - I suspect that the good ole boy network in Indonesia is changed and Jim Bob may well be loosing his touch. Seems he doesn't have the clout he once had. He was taken by surprise. Jim Bob's pay now in shares so he better get his act together for his own sake - no more huge pay outs when things are not going well for the shareholders.
        I still think this Indonesia thing will turn around and I am tempted to buy more at these levels.

        Sentiment: Buy

      • reddog54 Jan 23, 2014 4:12 PM Flag

        once again typea you are right but jim bob is from the good ole boy circuit and accustomed to dealing with indonesia, sometimes you just have to trust their judgement calls because most of the world likes their business conducted in secret, behind closed doors. the important take out of all this #$%$ for me is they are going hog wild into oil and gas in america where things are more predictable.

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